Friday, July 18, 2008

Friday wisdom from The Gipper

“Since when do we in America believe that our society is made up of two diametrically opposed classes—one rich, one poor—both in a permanent state of conflict and neither able to get ahead except at the expense of the other?” —Ronald Reagan

(answer: since the Democrats have been in power - CTD)

(h/t the Patriot Post)

Financial Terrorism on our markets?

In an opinion piece on Investor's Business Daily , Frank Ryan raises the issue: are our markets being manipulated by terrorists?

It only makes sense, in light of the global jihad going on against Western Civilization. The islamists are attacking us militarily, socially, and legally, why not financially?

Congress is investigating oil speculators, bank stocks are being pummeled, and housing prices are dropping precipitously in certain markets. And this is the good news.

I was always taught in my graduate and undergraduate classes that markets are rational, but after looking at the current market valuation of bank stocks, one must seriously consider if our markets are being manipulated.

It would be reasonable to question whether the U.S. is being subjected to an economic attack.

...The terrorists' goal is not to conquer us, but to defeat our way of life. If we limit the tools available to al-Qaida in our financial markets, the success of this type of economic attack would be minimized.

The threat is real. The solutions are realistic. The time is now.

The only contention I have with Ryan's article is the use of 'al-Qaida' as the source. I think that's a bit naive, unless you Connect the Dots from the Saudi royal family/Muslim Brotherhood/Wahhabists to AQ, which makes more sense. They have plenty of funding to attack us financially, thanks to our reliance on OPEC oil. We're directly funding the very people who want to put us out of commission.

Read the entire story here.